Academic

Poison Pill Forum: Steven Davidoff

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

Steven Davidoff (Connecticut) has some incisive analysis of eBay v. Newmark on his Deal Professor column on the New York Times' Dealbook site. 

He ends the column by engaging our own Conglomerate forum topic on poison pills.  He starts with a comment that eBay isn't all that interesting as a poison pill case.  To follow Christine's analysis (and to borrow from craigslist lingo), perhaps we should flag Chancellor Chandler's posting as "miscategorized" -- is the case really about takeovers or about minority shareholder oppression or disenfranchisement?

Steven then gives a nice summary of what two cases that clearly do change poison pill jurisprudence -- Selectica and the Vice Chancellor Strine's opinion in the Barnes & Noble litigation -- mean for the looming legal battle over Air Product's takeover attempt on Airgas. 

Full post as published by Conglomerate on September 13, 2010 (boomark / email).